ClimeCo and Marsoft join forces to decarbonize shipping

July 28, 2022 GENERAL

Marsoft Inc., a leading maritime consultancy, and ClimeCo LLC, a leading player in the carbon credit market, announce a collaboration to expand the scope and value of Marsoft’s GreenScreen carbon credit services (GreenScreen), removing financial barriers to the shipping industry’s commitment to achieving material carbon emissions reductions.

With MarineSoft’s GreenScreen services, Shipowners can issue Gold Standard carbon credits based on the reduction in CO2 emissions created by retrofitting their ships. As a result of the credits being sold, investments in retrofits can be made, reducing risks and increasing profitability from the reduction in CO2 attributable to the retrofits.

“Carbon credits can be an important source of funding for retrofits that reduce fuel consumption and CO2 emissions. Gold Standard certification of those reductions gives owners access to the rapidly expanding voluntary carbon market. By collaborating to simplify, accelerate, and cut costs from the carbon credit verification, issuance, and monetization process Marsoft and ClimeCo will make carbon credits part of the industry-wide solution to the challenge of decarbonization,” said Arlie Sterling, President at Marsoft Inc.

Bill Flederbach, CEO and President of ClimeCo, highlighted the value of this newly formed team: “We will deliver substantial cost and time savings while enhancing value to those customers who take advantage of GreenScreen. ClimeCo is putting its 17 years of experience and unmatched carbon trading scale and expertise behind shipowners and their determination to decarbonize their business. ClimeCo’s deep carbon market expertise and relationships will maximize the value of their carbon credits.”

Erika Shiller, VP of Project Development at ClimeCo, emphasized the powerful benefits from the collaboration. “Leading shipowners have already signed up for GreenScreen and have already budgeted a million-tonne reduction in CO2 emissions over the next five years. The Marsoft/ClimeCo team will establish a high value/high liquidity presence in the carbon markets for credits from shipping. GreenScreen is proven and unique, and we are committed to making it even better by teaming with Marsoft.”

Combined with Marsoft’s shipping expertise, GreenScreen’s breakthrough technology, and ClimeCo’s carbon solution development and market reach, the shipping industry finally has the solution it needs to reduce emissions. Together, Marsoft and ClimeCo offer shipowners a means to reduce their CO2 emissions now at minimum cost and maximum revenue potential.

ClimeCo and Marsoft have committed to offering an industry-level solution to verify CO2 emissions reduction, issue credits, and monetize credits. The combination of ClimeCo’s environmental solutions track record and Marsoft’s breakthrough management tools for the shipping industry ensures that the shipping industry can benefit from the state-of-the-art and critical mass. Marsoft and ClimeCo have invested substantial resources and are willing to invest alongside the shipowner to reduce CO2 emissions.

Source: https://www.seanews.co.uk/maritime-events/climeco-and-marsoft-join-forces-to-decarbonize-shipping/